Welcome to June and Summer!  I like how we get greeted with 101° and 106° to start the month off.  Although, I think we started off last June in a similar way and the first few weeks ended up being quite nice, I guess we'll find out.  
On to real estate news.  The 10y yield we like to track has gotten beat back down below 4.35% as I'm typing Tuesday morning, hopefully it stays down this time.  This would be a summer gift for buyers as the 30yr mortgage rate can finally follow suit.  This would be extremely well timed for buyers as inventory is rising due to poorly priced homes sitting on the market longer.  In Sacramento County, 30% of actively listed homes went through price decreases last week.  This is a good formula for those buyers willing to shop in the heat.

-  An increase in active listings, more options 
-  Avg DOM has risen, opportunity
- Newly listed homes are starting to price lower, better entry price
- Potential for lower rates, more affordability

Check out this article below from 1981 that I posted last week on my social media.  If you read the highlighted portion it sounds almost exactly similar to what the millennial generation is dealing with now...40yrs later.   

What are you seeing or hearing? I'd love to know paul@guiderealestate.com
Visit www.paulpelettarealtor.com